Daily Spot Quotations, Pg 1 (front page)
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MP_CN002    Memphis, TN Cotton and Tobacco Progr  28-Oct-20
Spot quotations and differences are for cotton equal to the official standards, net weight, in mixed lots.    Upland quotations are
FOB car/truck, which includes compression and any brokerage charges. The upland base quality is color 41, leaf grade 4,
 staple 34 (1.05 to 1.07), mike 3.5, 3.6 and 4.3 to 4.9, strength 27.0 to 28.9 grams per tex and uniformity 81.0 to 81.9.
American Pima quotations are UD free, FOB warehouse, and brokerage fees included.

                   UPLAND SPOT PRICE QUOTATIONS    SPOT TRANSACTIONS

                              Color 41 Color 31 Number of bales provided
Growth        Basis             Leaf 4   Leaf 3 to Cotton Program
Area          ICE Futures     Staple 34Staple 35     Today        Season
              Points  Month   cents/lb.cents/lb.     bales         bales

Southeast     -225    Dec-20      67.92    70.17          0        37,014
North Delta   -300    Dec-20      67.17    69.42          0         4,296
South Delta   -300    Dec-20      67.17    69.42          0         9,911
East TX-OK    -550    Dec-20      64.67    67.17        688       122,800
West Texas    -550    Dec-20      64.67    67.42      1,607       120,050
Desert SW     -725    Dec-20      62.92    66.92        750         5,928
SJ Valley     -675    Dec-20      63.42    72.32          0             0
                                                Upland total
Average       -475    Dec-20      65.42    68.98      3,045       299,999
Previous      -475    Dec-20      67.28    70.84


            AMERICAN PIMA SPOT PRICE QUOTATIONS

                      Grade 2  Grade 3  Grade 3    SPOT TRANSACTIONS
                     Staple 46Staple 44Staple 46
                                                       AP total
American Pima           110.00    90.50    98.25          0             0




NEW YORK FUTURES - CONTRACT NO. 2   2/          7-MARKET AVERAGE
COLOR 41 LEAF 4, STAPLE 34, MIKE 35-49,         BASE QUOTATIONS
STRENGTH 25 OR GREATER.                         FOR UPLAND COTTON

Month       Cents per pound                            Season high
               Today Previous   Change           10/27/2020         67.28
Dec-20          70.17    72.03    -1.86                Season low
Mar-21          71.03    72.73    -1.70           8/12/2020         57.20
May-21          71.70    73.28    -1.58
Jul-21          72.16    73.65    -1.49         EFFECTIVE  Oct 23 - Oct 29
Oct-21          70.42    71.82    -1.40                AWP          55.71
Dec-21          69.22    70.62    -1.40            CC ADJ.           0.00
Mar-22          69.94    71.37    -1.43         FC ADJ. - 2          0.44
May-22          70.19    71.57    -1.38         FC ADJ. - 2          0.39
Jul-22          70.34    71.67    -1.33                LDP           0.00
Oct-22          68.14    69.47    -1.33
                                                EFFECTIVE  Oct 23 - Oct 29
                                                       PCP           7.00



AVERAGE PREMIUMS AND DISCOUNTS - TENDERABLE QUALITIES 3/

               COLOR    COLOR    COLOR    COLOR      COLOR
                   11       21       31       41         51
 STAPLE 33
 LEAF 1 & 2      -108     -108     -158     -300       -515
     3           -128     -128     -168     -310       -520
     4           -230     -230     -280     -390       -550
     5           -350     -350     -395     -530       -710
 STAPLE 34
 LEAF 1 & 2       137      137       72       45       -275
     3            112      112       67       39       -295
     4             55       55       40        0       -350
     5           -125     -125     -160     -300       -523
 STAPLE 35
 LEAF 1 & 2       380      380      310      150       -175
     3            325      325      275      102       -190
     4            170      170      130       50       -270
     5             20       20      -40     -195       -445
 Staple 36
 Leaf 1 & 2       589      589      534      252       -133
     3            534      534      504      202       -143
     4            332      332      272      147       -225
     5            105      105       30     -108       -405
 Staple 37
 Leaf 1 & 2       647      647      586      264       -126
     3            582      582      541      214       -136
     4            369      369      314      169       -208
     5            142      142       64      -86       -385

               COLOR    COLOR    COLOR
                   12       22       32
 STAPLE 33
 LEAF 1 & 2      -275     -275     -380
     3           -290     -290     -395
     4
     5
 STAPLE 34
 LEAF 1 & 2        45       45     -120
     3             40       40     -140
     4
     5
 STAPLE 35
 LEAF 1 & 2       190      190       10
     3            150      150      -15
     4
     5
 Staple 36
 Leaf 1 & 2       327      327       62
     3            272      272       37
     4
     5
 Staple 37
 Leaf 1 & 2       384      384       94
     3            324      324       64
     4              0NOT TENDE        0
     5              0NOT TENDE        0

1/   Settlement prices provided by ICE Futures US.    2/ The average of the
differences from the Southeast, North and South Delta average, East Texas-Oklahoma,
West Texas, and Desert Southwest markets.


Cotton and Tobacco Program, Market News Division
3275 Appling Rd
Memphis, TN  38133
(901) 384-3016
www.ams.usda.gov/mnreports/mp_cn002.txt